Turning bitcoins into local fiat currency WILL NOT be a problem in the future.
Besides:
Topic: How to get the money when 1 BTC = loads? - page 3. (Read 3655 times)
There are already money changers in Kenya that take bitcoins.
Turning bitcoins into local fiat currency WILL NOT be a problem in the future.
Besides:
Turning bitcoins into local fiat currency WILL NOT be a problem in the future.
Besides:
Fair warning that Denmark will almost certainly not keep bitcoin gains taxfree for very long. Maybe a few years. They simply do not comprehend how big this has the potential to be, and they will find excuses to tax people who make big gains on it in any case. A country that has the highest taxes in the world and even taxes the wind and the sun can not be trusted. Best to keep a low profile.
by that time btc should be used directly to buy things, you will not need to convert them ever again
Well, in all honesty i cannot imagine a European country not taxing bitcoin to hell ones it goes to the moon. This tax-free heaven might just be a temporary thing while bitcoin is still in its infancy. Also, it seems like you have to pay 25% vat on everything you buy if you live in Denmark, so, yeah...
The best thing you can do is to keep your eyes open and read international related news regarding bitcoin.
The best thing you can do is to keep your eyes open and read international related news regarding bitcoin.
So when BTC reaches an astronomical value and one wants to withdraw a portion to have some pocket cash... How to do it? Which country is best in terms of not getting a huge tax?
Denmark is the place it seems: http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/
This is certainly good to know, thanks!
Hmm what should we do... Move to Denmark? Or should everybody marry a Danish chick?
So when BTC reaches an astronomical value and one wants to withdraw a portion to have some pocket cash... How to do it? Which country is best in terms of not getting a huge tax?
Denmark is the place it seems: http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/
Useit to buy products and services directly or buy gift cards. = no tax
So when BTC reaches an astronomical value and one wants to withdraw a portion to have some pocket cash... How to do it? Which country is best in terms of not getting a huge tax? Would you take the amount you want straight away or little by little? Sell it in some other way?
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